Everence Capital Management Inc. Invests $365,000 in Antero Resources Co. (NYSE:AR)

Everence Capital Management Inc. acquired a new stake in Antero Resources Co. (NYSE:AR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,410 shares of the oil and natural gas company’s stock, valued at approximately $365,000.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. increased its holdings in Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after purchasing an additional 686 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Antero Resources in the 3rd quarter valued at $30,000. Capital Performance Advisors LLP acquired a new position in shares of Antero Resources during the 3rd quarter valued at $45,000. Mattson Financial Services LLC bought a new position in Antero Resources during the second quarter worth $64,000. Finally, GAMMA Investing LLC grew its holdings in Antero Resources by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock worth $107,000 after purchasing an additional 418 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Citigroup increased their target price on Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Barclays decreased their price target on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Raymond James raised their price objective on shares of Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets boosted their target price on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.78.

Antero Resources Price Performance

NYSE AR opened at $35.96 on Tuesday. The company has a market cap of $11.19 billion, a PE ratio of 256.86 and a beta of 3.37. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm’s 50-day simple moving average is $31.62 and its two-hundred day simple moving average is $29.70. Antero Resources Co. has a 52 week low of $20.56 and a 52 week high of $36.33.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.